Topline Performance
• Revenue: $23.86B (+196% YoY) vs $19.3B est
Profitability
• EPS: $12.07
• Adjusted EPS: $12.20 (+682% YoY) vs $8.66 est
• Net Income: $13.79B
• Adjusted Net Income: $14.02B
Outlook
Q3 Revenue: $33.50B (+260% YoY), Est$23.80B est
Q3 EPS: $18.90
Q3 Adjusted EPS: $19.15 (+902% YoY) , Est $11.70
Q3 Gross Margin: 81% (+4200 bps YoY)
Shares +1% AH
Micron Technology Non-GAAP EPS of $12.20, Est $8.66, revenue of $23.86B, Est $19.3B, Guides for EPS of $19.15, Est $11.7
byu/thelastsubject123 instocks
Posted by thelastsubject123
16 Comments
Earnings from this quarter more than all of last fiscal year combined. Wild.
Insane to think they are trading under a 10 forward P/E
Insane. Those Q3 estimates are bonkers
Up up up
own the SMH, and forget about it for 5 years.
Insane numbers.
If it’s red tomorrow, then I will simply zoom out on the chart until it looks like it’s going up.
Edit:….and its red…wtf
Edit 2: people are stupid
Guidance is insane
MU getting the NVDA treatment. Report incredible earnings and guidance, go down anyway.
Down 2.4% AH. Crazy, but this is classic buy the rumor, sell the news
These numbers are literally insane what the fuck
It went up 15% in the last week, anticipating this news. Not surprised it’s selling off, given it briefly hit $475 right after market close.
and it’s down
This make me believe those wall street est number are made up things to fool retail investors
Feels a bit late to jump in seeing how it’s ran up over 700% in a year. Earnings look good but is continued growth really possible at this rate? It’s gotta slow down exponentially now no?
Why does anybody care about AH movement? It means almost nothing. Let’s see where this is by noon tomorrow. I’ve seen so many stocks sell off for no reason AH only to completely reverse at the open.
Aaaand its down